Pencil-Necked Finance Dweebs Suggest Anyone Making Six-Figures Should Only Buy a $15,000 Car
The Truth About Cars
JANUARY 16, 2024
Beyond that, they suggest making a down payment of at least 20 percent and financing the thing for no more than four years. Same goes for the myriad of decade-old BMW X5s and Merc C-Class sedans. At the gross income of $100,000 annually, this shakes out to $10,000 per year or about $833 per month. per month (about 10 cents per mile).
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